Which of the following scenarios would most strongly indicate a need for individual critical illness insurance, even if the client has some group critical illness coverage?

Question: Which of the following scenarios would most strongly indicate a need for individual critical illness insurance, even if the client has some group critical illness coverage?

Answer options:

• A. The client is a young professional with no dependents and a small mortgage. ✅ B. The client's group CI coverage has a low maximum benefit of $25,000, and they have significant financial obligations and a high income.
• C. The client is retired with a substantial pension and no outstanding debts.
• D. The client is a stay-at-home parent with no earned income.

Correct answer: B. The client's group CI coverage has a low maximum benefit of $25,000, and they have significant financial obligations and a high income.

Explanation: Individual critical illness insurance becomes essential when group coverage is insufficient to cover potential financial burdens, as is the case with a low maximum benefit for someone with high income and significant obligations. Group plans often cap benefits, and individual coverage can supplement this to adequately protect against the financial impact of a serious illness.